Bloomberg News

Hungarian Life Insurer CIG Pannonia Declines to Lowest on Record

April 03, 2012

CIG Pannonia Eletbiztosito Nyrt., a Hungarian life insurer, slumped for a third day to a record low.

The shares dropped 2.2 percent to 406 forint by 10:38 a.m. in Budapest, the lowest level since their November 2010 listing and extending the decline in the past month to 21 percent.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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